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Dec 10, 2012
12/12
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bob inet's hear from minnesota, republican caller. caller: there is a topic that nobody wants to talk about. it is the interest rate. the interest paid on our national debt. currently, most of the debt is under short term, under 1%. is manipulated by the federal reserve and the treasury department. it is going to go from a historic? -- a historic -- $1.50 trillion in interest annually on the national debt. how is that going to impact the military industrial complex in the near future when that actually comes to be? guest: that clearly is a ticking time bomb for any part of the federal government. we are in a period of unusually low interest rates. when they rise, it is going to be a body blow to the national politics and the country. the jump from 1% to 7% is such a massive increase in taxes that the only thing i can think of is greece. host: what does it mean for the pentagon? guest: greece used to be one of the only three non-u.s. countries in nato that was spending to% of gdp on national security. -- 2% of gdp on national security.
bob inet's hear from minnesota, republican caller. caller: there is a topic that nobody wants to talk about. it is the interest rate. the interest paid on our national debt. currently, most of the debt is under short term, under 1%. is manipulated by the federal reserve and the treasury department. it is going to go from a historic? -- a historic -- $1.50 trillion in interest annually on the national debt. how is that going to impact the military industrial complex in the near future when that...
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Dec 11, 2012
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host: here's an e-mail from bob and florida. making the economic argument against right-to-work state. and then there are people who have an economic argument on the other side of it. if we read a piece earlier in the washington post on what right-to-work states due to the broader economy. -- due to the state's economy? and now this isn't egypt. on the front page of the washington post, amid this turmoil, aid for egypt is on its way. the u.s. and a coalition of international lenders are pushing ahead with billions of dollars of loans and other help for egypt and neighboring states. so, money going to the country despite the violence there. and on the domestic front, the richmond times dispatch, courtesy of the newseum, health care law includes from a surprising $60 coverage free. bob in rapid city, south dakota, republican caller. caller: whee are a right-to- work state. in the past week we had an article in the newspaper that we are 16th in the nation in income. we averaged 44,000. where is the nation averages 41,000. so it's j
host: here's an e-mail from bob and florida. making the economic argument against right-to-work state. and then there are people who have an economic argument on the other side of it. if we read a piece earlier in the washington post on what right-to-work states due to the broader economy. -- due to the state's economy? and now this isn't egypt. on the front page of the washington post, amid this turmoil, aid for egypt is on its way. the u.s. and a coalition of international lenders are pushing...
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Dec 16, 2012
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bob filner, background in local government. went back to local government after being involved in school districts and now the mayor of san diego and came here as a freedom fighter in the civil rights movement and led the veterans committee here. joe baca will be known as the captain of our baseball team and how he did so well in that, but had a proud background as the speaker said, in the air force and paratrooper and the list goes on and on. laura richardson is leaving us. and before this, early resignation of dennis cardoza. seven democrats. going to miss them greatly and thank you for allowing me to speak on behalf of their great service to the federal government. mr. miller: thank you, mr. farr. i want to also as congresswoman eshoo and congressman farr acknowledged, there are others from the other side of the aisle who will be leaving after this session of congress. brian bilbray, marry bono mack, david dreier, wally herger, jerry lewis and dan lungren. we have had accomplishments together. jerry lewis and i had the longe
bob filner, background in local government. went back to local government after being involved in school districts and now the mayor of san diego and came here as a freedom fighter in the civil rights movement and led the veterans committee here. joe baca will be known as the captain of our baseball team and how he did so well in that, but had a proud background as the speaker said, in the air force and paratrooper and the list goes on and on. laura richardson is leaving us. and before this,...
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Dec 19, 2012
12/12
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but bob is not just an outstanding legislator for eastern washington, he's also a close friend. a mentor and the reason that i got into politics and public service in the first place. as an elected official i've worked with him on countless issues and his advice and friendship has been invaluable. he's recognized for his leadership and knowledge, good forest management, no one knows western water law better than bob and he's participated in most of the negotiations over washington water law. bob and his wife linda have five children, 11 grandchildren and i know they're looking forward to spending more time with them in their retirement. i wish them the best in their next adventures. the speaker pro tempore: the gentlewoman yields back. for what purpose does the gentleman from new jersey rise? without objection. . mr. sires: it has been nearly eight weeks since superstorm sandy struck our shores, eight weeks and congress has yet to send the assistance package for the affected states. it is precedent for this body to stand together in the aftermath of a natural disaster to immedia
but bob is not just an outstanding legislator for eastern washington, he's also a close friend. a mentor and the reason that i got into politics and public service in the first place. as an elected official i've worked with him on countless issues and his advice and friendship has been invaluable. he's recognized for his leadership and knowledge, good forest management, no one knows western water law better than bob and he's participated in most of the negotiations over washington water law....
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Dec 12, 2012
12/12
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to my right, martin, the chief staff to governor bob mcdonnell. at the end, roxanne white joining us from colorado. so, their full bios are in the pamphlet on your table. >> first, thank you for the report. it provides a good framework to continue to look at the challenges facing us. we have been engaged in pension reform in colorado. our pension fund is about 69% in solvent. we did major reform and now we are in court trying to defend that reform. our pension costs will go to 22%. to give you a sense of how far behind the war, if we lose in court and the battle is whether or not we have a right, we could see a need to go to 25% of compensation by 2020. it is important to get through the litigation. we are very concerned about medicaid costs. they are about 20% of our budget, growing at a rate of 8% per year. we are very engaged in putting everyone in medicaid in an affordable care collaborative. we believe the exchange offers the opportunity for two things. it was largely supported by small businesses in colorado to help them to be able to afford
to my right, martin, the chief staff to governor bob mcdonnell. at the end, roxanne white joining us from colorado. so, their full bios are in the pamphlet on your table. >> first, thank you for the report. it provides a good framework to continue to look at the challenges facing us. we have been engaged in pension reform in colorado. our pension fund is about 69% in solvent. we did major reform and now we are in court trying to defend that reform. our pension costs will go to 22%. to...
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Dec 10, 2012
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." >> we just saw pennsylvania senator bob casey. >> the committee will come to order. we want to thank everyone for being here today. i did not have a chance to personally greet our witnesses, but i will have time to do that later. i want to thank both of our witnesses for being here. i will have an opening statement that i will make, and then i will turn it to dr. burgess. i know that vice chairman brady will be her as well. we know the challenges that we confront here in congress on a whole range of issues, which are sometimes broadly described under the umbrella of the terminology, fiscal cliff. when we confront those difficult challenges, we have to ask ourselves a couple of basic questions. one of the basic questions we must ask is, what will be the result and will be the impact as it relates to middle income families? what will happen to them in the midst of all these tough issues we have to work out? we know there is broad agreement that going over the so-called fiscal cliff would jeopardize the economic recovery. it would do that by increasing taxes on families
." >> we just saw pennsylvania senator bob casey. >> the committee will come to order. we want to thank everyone for being here today. i did not have a chance to personally greet our witnesses, but i will have time to do that later. i want to thank both of our witnesses for being here. i will have an opening statement that i will make, and then i will turn it to dr. burgess. i know that vice chairman brady will be her as well. we know the challenges that we confront here in...
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Dec 14, 2012
12/12
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i'd like to thank bob rose. i can think of no better way to launch this initiative and with the speakers we have assembled here today. our panelists, michael mccaul, and mike rogers, chairman of the house permanent select committee on intelligence. white house cybersecurity coordinator howard schmidt and chairman and ceo of boston properties, editor in chief of "u.s. news and world report," owner and publisher of "the new york daily news." our first speaker is michael chertoff. it would be difficult to imagine anyone better suited to head the cybersecurity initiative than secretary chertoff. as secretary of homeland security from 2005 until 2009, he was responsible for implementing immigration policy, homeland security regulation, and spearheading a national cybersecurity effort. from 2003 until 2005, he served as a federal judge at the u.s. court of appeals for the third circuit. from 2001 until 2003, he was an assistant attorney general of the u.s. as chairman of the board of directors of bae systems, he is an
i'd like to thank bob rose. i can think of no better way to launch this initiative and with the speakers we have assembled here today. our panelists, michael mccaul, and mike rogers, chairman of the house permanent select committee on intelligence. white house cybersecurity coordinator howard schmidt and chairman and ceo of boston properties, editor in chief of "u.s. news and world report," owner and publisher of "the new york daily news." our first speaker is michael...
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Dec 7, 2012
12/12
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audio] >> anyway, we are pleased to have our distinguished colleagues chuck schumer from new york, bob mendez from new jersey and i believe senator gillibrand will be here shortly. the senators have been a strong partners in this rebuilding effort. it is a great privilege to work together. we are really strong team we share the value of a quick action and sufficient resources to get this job done. as i mentioned, we are in the largest transportation. in the country and it takes diligence and skill of our friends and colleagues. senator schumer. >> thank you, mr. chairman. first, thank you for this hearing but also for your great partnership. new york and new jersey were together as a bipartisan by-date delegation along with our colleagues from rest of the northeast to deal with this awful, awful devastation. it is good you are in so many important positions that will have a lot of say in how we deal with this and we're grateful for that as well as your leadership. thank you, ranking member, senator wicker. west hamilton beach was in my old congressional district. it is one of the few v
audio] >> anyway, we are pleased to have our distinguished colleagues chuck schumer from new york, bob mendez from new jersey and i believe senator gillibrand will be here shortly. the senators have been a strong partners in this rebuilding effort. it is a great privilege to work together. we are really strong team we share the value of a quick action and sufficient resources to get this job done. as i mentioned, we are in the largest transportation. in the country and it takes diligence...
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Dec 11, 2012
12/12
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host: let's hear from bob in minnesota, republican caller. caller: there is a topic that nobody wants to talk about. it is the interest rate. the interest paid on our national debt. currently, most of the debt is under short term, under 1%. it is manipulated by the federal reserve and the treasury department. it is going to go from a historic -- $1.50 trillion in interest annually on the national debt. how is that going to impact the military industrial complex in the near future when that actually comes to be? guest: that clearly is a ticking time bomb for any part of the federal government. we are in a period of unusually low interest rates. when they rise, it is going to be a body blow to the national politics and the country. the jump from 1% to 7% is such a massive increase in taxes that the only thing i can think of is greece. host: what does it mean for the pentagon? guest: greece used to be one of the only three non-u.s. countries in nato that was spending 2% of gdp on national security. they are now below that because they cannot aff
host: let's hear from bob in minnesota, republican caller. caller: there is a topic that nobody wants to talk about. it is the interest rate. the interest paid on our national debt. currently, most of the debt is under short term, under 1%. it is manipulated by the federal reserve and the treasury department. it is going to go from a historic -- $1.50 trillion in interest annually on the national debt. how is that going to impact the military industrial complex in the near future when that...
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Dec 8, 2012
12/12
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host: bob receives unemployment insurance. tell us about your situation. caller: i'm a single-earner, and thank god i have made a good living. assuming i could get a job, and nothing against the folks at fast food or nothing like that, but if you were making a minimum amount of money, with my situation, i would be in the street using that job. i could not pay my bills. i am not talking about luxuries. i rent. i would not be able to pay that. thank god unemployment insurance is geared to what you used to make, so that, and by the way, i am in my 60's. it is not easy. without that amount coming in that is based on what i used to make, i would not be able to survive. i would be industry. -- in the street. host: mr. josh bivens, a chance on this one. guest: that points out that unemployment insurance is a form of social insurance. people take lower wages because the employer has to pay tax. they pay into the system while things are going well, and if they hit a rough spot they hit a benefit that somewhat match its previous earnings. it is not a lavish benefit.
host: bob receives unemployment insurance. tell us about your situation. caller: i'm a single-earner, and thank god i have made a good living. assuming i could get a job, and nothing against the folks at fast food or nothing like that, but if you were making a minimum amount of money, with my situation, i would be in the street using that job. i could not pay my bills. i am not talking about luxuries. i rent. i would not be able to pay that. thank god unemployment insurance is geared to what...